Anyu quesses of what PEC would be worth to some larger company?  I think Deadlock said he thought their 3d data alone was worth like .08 share, and I do not know if that included their leases.  In addition, they would probably have a big tax loss to carry forward if someone making money were to buy them.  They seem like they are at the mercy of GALP and the other partners as I would think it would be impossible for them to raise any money on their own.  They are not in much of a bargaining position at this point.